Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q4 2025 Earnings Presentation
12 slides from Oppenheimer's earnings presentation, Feb 2, 2026
Slide 1: Fourth Quarter and Full Year 2025 Investor Update
Oppenheimer Holdings Inc. Fourth Quarter and Full Year 2025 Investor Update
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation and other written or oral statements made from time to time by representatives of Oppenheimer Holdings Inc. ("Oppenheimer” or the “company”) may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, a
Slide 3: Oppenheimer Snapshot and Business Overview
Oppenheimer is a leading investment bank and full-service investment firm that provides financial services and advice to high net worth investors, individuals, businesses and institutions. 3 • Hong Kong, China• London, UK • Geneva, Switzerland • St. Helier, Isle of Jersey • Tel Aviv, Israel (1) Repr
Slide 4: Summary Operating Results: 4Q-25 vs. 4Q-24
Compensation expenses modestly increased from the prior year quarter largely as a result of higher production and incentive compensation-related expenses partially offset by lower costs associated with share appreciation rights Summary Operating Results: 4Q-25 vs. 4Q-24 (Unaudited) 4 Highlights ($00
Slide 5: Summary Operating Results: 2025 vs. 2024
Summary Operating Results: 2025 vs. 2024 (Unaudited) 5 Highlights ($000’s, except otherwise indicated) For the 12-Months Ended REVENUE 12/31/2025 12/31/2024 % Change Commissions $ 464,415 $ 409,710 13.4 % Advisory fees 555,439 483,433 14.9 % Investment banking 266,392 176,447 51.0 % Bank deposit swe
Slide 6: Select Financial Measures
6 Select Financial Measures Earnings per Share ($)1 Net Income ($M)1Revenue ($M) Stockholders’ Equity ($M)1 1 Attributable to Oppenheimer Holdings Inc.
Slide 7: Segment Revenue Breakdown 4Q-25 vs. 4Q-24
7 Segment Revenue Breakdown 4Q-25 vs. 4Q-24 Pre-Tax Income Breakdown by Segment ($M)Revenue Breakdown by Segment ($M) Wealth Management Capital Markets 4Q-25 Revenue $472.6 M 4Q-24 Revenue $375.4 M $2.4 Corp/Other $2.6 Corp/Other 61% 39% 68% 32%
Slide 8: Segment Revenue Breakdown 2025 vs. 2024
8 Segment Revenue Breakdown 2025 vs. 2024 Wealth Management Capital Markets 2025 Revenue $1,638.1 M 2024 Revenue $1,432.5 M $11.4 Corp/Other $12.8 Corp/Other 63% 36% 31% 68% Revenue Breakdown by Segment ($M) Pre-Tax Income Breakdown by Segment ($M)
Slide 9: Wealth Management
9 Wealth Management Well-recognized brand and one of the few independent, non-bank broker-dealers with full service capabilities Retail Services • Full-Service Brokerage • Financial Planning, Retirement Services, Insurance Solutions, Corporate & Executive Services & Trust Services • Margin & Securit
Slide 10: Capital Markets
18.4% Sales & Trading Revenues 2025 vs 2024 56.2% Investment Banking Revenues 2025 vs 2024 Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions Healthcare Technology Transportation & Logistics Financial Institutions Consumer &
Slide 11: Capital Structure
11 Capital Structure Book & Tangible Book Value per Share ($) Liquidity & Capital • Stockholders’ equity of $983.8 million as of December 31, 2025 • Book value of $93.81 and tangible book value of $76.78 per share at record levels largely as a result of positive earnings • The Board of Directors ann
Slide 12: For more information contact Investor Relations
For more information contact Investor Relations at info@opco.com